Intl Wayside Gold Mines Ltd.

[Libertarian_Guard]

Up a cool 43% friday

Also known as the Cariboo Gold Project

http://finance.yahoo.com/q/bc?s=IWYGF.PK&t=6m

The Good
They control 176 square kilometers of prospective land in B.C. Canada.
In the last 6 years they have spent over 10 million Canadan dollars on exploration and drilling.
They aim to be the region's next commercial producer.
Est. mine life of 6.5 years.

The Bad
Over 11 million dollars of debt that I can see.

The Ugly
A forensic accountant would not be able to understand their financial statements. Many deals, options, flow-through shares, non-flow-through shares, share purchase warrants at many different prices. ect.ect.

[Libertarian_Guard]

http://www.wayside-gold.com/iwa-latest.htm

Wed Sep 24, 2003
$2,000,000 Financing Closed Conditional Approval for Bulk Sampling Program Received

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News Release 03-15

The Board of Directors of International Wayside Gold Mines Ltd. (the Company) is pleased to report that the private placement of debentures ("the Debentures") in the principal amount of $2,000,000 arranged with First Associates Investments Inc., ("First Associates") and announced on August 25, 2003 (see News Release 03-10), was closed yesterday. Pursuant to the terms of the financing, 4,000,000 warrants ("Warrants") were issued to the debenture subscribers. Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.15 per common share, expiring March 23, 2005. Options ("Agent's Options") have also been granted to First Associates and other members of the selling group for the purchase of 1,250,000 common shares of the Company at the exercise price of $0.15 per common share on or before March 23, 2005. The Warrants, the Agent's Options and any common shares purchased on exercise thereof are subject to a hold period expiring January 24, 2004.

In addition, the Company received conditional approval from the Ministry of Energy and Mines to conduct a 10,000 Ton Bulk Sample on the flank of Barkerville Mountain at Bonanza Ledge, situated near the town of Wells in central British Columbia. The "Bonanza Ledge Discovery" was made by the Company in the spring of 2000. One of the best diamond drill holes reported by the Company in the Bonanza Ledge area is, BC03-12: 171.0 feet grading 0.709 oz/ton Au, including 103.7 feet grading 1.135 oz/ton Au, which also includes 25.3 feet grading 2.242 oz/ton Au (see News Release 03-13).

Frank Callaghan, President and CEO of the Company is currently in London, England where he is accompanying the Honorable Richard Neufeld, British Columbia Minister of Energy and Mines on a mining investment mission. Minister Neufeld is working in partnership with industry to increase investment in the mining sector in British Columbia. Mr. Callaghan commented, "The closing of this financing and conditional approval for the 10,000 Ton Bulk Sample marks a significant milestone for the Company and allows management to proceed with plans for development of the Cariboo Gold Project. On completion of this first bulk-sampling program, the Company intends to proceed with a 70,000 Ton Bulk Sample."



The Cariboo Gold Project now encompasses the former producing Cariboo Gold Quartz mine, and the Hardscrabble Tungsten mine on International Wayside Gold Mines Ltd. property, jointly held with Island Mountain Gold Mines Ltd., the Aurum, Island Mountain, and the Mosquito Creek Gold mine (now on care and maintenance), the Cariboo Hudson Gold & Silver mine and Cariboo Thompson Gold & Silver mine on Golden Cariboo Resources Ltd. property. The Cariboo Gold Project's land holdings now cover 456 square kilometers or 170 square miles covering 57 km (34 miles) in length and over 8 km (5 miles) in width (see map enclosure). In the Barkerville Camp, 79 creeks have reported placer gold production. Recorded production from the area was 3.8 million ounces of gold (2.6 million ounces was placer and 1.2 million ounces was lode).



ON BEHALF OF THE BOARD OF DIRECTORS



"J. Frank Callaghan"
_________________________________
J. FRANK CALLAGHAN, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release. This News Release contains forward-looking statements regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein, and takes no responsibility for such information.

[Libertarian_Guard]

http://www2.marketwatch.com/news/new...property=word&
International Wayside Gold Mines Ltd. Announces 2 Million Dollar Brokered Private Placement; Bonanza Ledge Mine & Drill Results and Myrtle Exploration Developments
11/17/2003 3:07:00 PM


VANCOUVER, British Columbia, Nov 17, 2003 (BUSINESS WIRE) -- The Board of Directors of International Wayside Gold Mines Ltd. (the "Company) (TSX Venture:IWA) is pleased to announce that the Company has entered into an engagement letter with First Associates Investments Inc. ("First Associates"), whereby First Associates will act as agent for the sale of a private placement (the "Offering") of up to 13,500,000 units ("Units") at the price of $0.15 per Unit. Each Unit shall consist of one flow-through common share ("Flow-Through Share") and one-half of one non-flow-through common share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder to purchase an additional non-flow-through common share ("Share") at the exercise price of $0.25 per Share for a period of 18 months from the closing of the Offering.
For acting as Agent, First Associates will receive a commission equal to 7% of the gross proceeds raised in the Offering and will be granted non-transferable options ("Agent's Compensation Options") entitling First Associates to purchase that number of units equal to 15% of the number of captalilized units sold in the offering at 0.15 per units for a period of 18 months from closing. The units subject to the Agent's Compensation Options will have identical terms to the Units sold under the Offering, except that they will non-flow-through units.

The proceeds from this Offering of up to $2,025,000 will be used by the Company for continuing exploration and development of its Cariboo Gold Project at Wells, in central British Columbia. In particular additional drilling on Bonanza Ledge Zone in preparation for the 70,000 tonne Bulk Sample which will follow the 10,000 tonne Bulk Sample in progress. Resume drilling on the BC Vein to extend the strike length beyond 4100 feet (see News Release 02-13). In addition, drilling will resume underground on Cow Mountain in an effort to increase both the resource and reserve in the mine models reported by Giroux Consultants Ltd. and DJP Consulting, "Qualified Persons" as required under National Instrument 43-101 (see News Release 02-26 and 03-03) and commence a Feasibility Study.

The 10,000 tonne bulk sample on the Bonanza Ledge Zone under the direction of Mr. Michael Hibbitts P.Geo., the "Qualified Person" as required under National Instrument 43-101 is proceeding with a total of 45m (147 feet) of decline development completed. Recent assays returned from BC03-23, an infill drill hole within the ore zone, graded 49.5 g/t Au (1.44 oz/ton Au) over 22 feet.

Further to News Release 03-20, drilling commenced on the Myrtle Zone with two drills operating twenty-four hours a day. The initial diamond drill holes (Figure 1) will be testing the Ethel showing, a shear-hosted quartz vein zone. Four samples (162802-162805) to date taken from a trench in the Ethyl Zone, returned values of greater than 100 g/t Au (greater than 2.9 oz/ton Au), 2.8 g/t Au (0.08 oz/ton Au), 54.9 g/t Au (1.6 oz/ton Au) and 19.1 g/t Au (0.5 oz/ton Au) respectively.

To See Maps and Figures, Please Visit Our Website www.wayside-gold.com

On behalf of the Board of Directors
J. FRANK CALLAGHAN
President and Chief Executive Officer


This News Release contains forward-looking statements regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the information contained in this News Release.